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Rivian's Price Cuts Are a Slippery Slope

TheMotleyFool

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Rivian's Price Cuts Are a Slippery Slope: https://g.foolcdn.com/editorial/images/778770/2022-rivian-r1s.jpg

Rivian (NASDAQ: RIVN) is struggling to make money selling vehicles as demand falls behind supply. That's resulted in discounts of inventory, which could make the company's financial problems worse. Travis Hoium covers the trend and the precedent in this video.

*Stock prices used were end-of-day prices of May 26, 2024. The video was published on May 28, 2024.

Source Fool.com

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